Avadim Health, a healthcare and wellness provider, completed a court-approved sale of substantially all its assets to a newly-created company owned by funds managed by Hayfin Capital Management following its Chapter 11 process.
Avadim Health agreed to sell its assets and filed voluntary petitions for protection under Chapter 11. Hayfin Capital Management, Avadim’s existing lender, entered into a binding stalking horse purchase agreement and committed to provide certain debtor-in-possession financing.
Carl Marks Advisors added Patrick Flynn to the firm as managing director, responsible for business development and providing financial advisory services.
Carl Marks Advisory acted as investment banker in the sale of two ethanol plants owned by BioFuel Energy to Green Plains Renewable Energy.
Carl Marks Advisory Group announced that Charles Boguslaski, a managing director at the firm, was recognized by The M&A Advisor as one of the 2013 40 Under 40 Recognition Award winners.